With inflation on the rise, people are finding it difficult to buy any vehicle at upfront payment, however, Pak Suzuki Motor Company (PSMC) is providing Suzuki Wagon R VXL 2023 on an easy installment plan in Pakistan through Bank Alfalah’s Auto Loan as per the automotive company’s website.
In today’s economy, everyone finds it hard to spend millions on a vehicle and car financing or installment plans help to overcome this hurdle as one is able to get a brand new vehicle at easy monthly payments via any bank.
In this article, we are going to discuss the installment plan for Suzuki Wagon R VXL 2023 that is being provided via Bank Alfalah’s Auto Loan. However, let us discuss some of the specifications of the vehicle before diving into details about the said installment plan.
The Suzuki Wagon R VXL comes with a K10B engine with a displacement of 998cc that is capable of producing 67 horsepower (hp) and 90 Newton-meters (Nm) of torque, while mated with a 5-speed manual transmission system.
However, the Suzuki Wagon R also comes with an Automatic Gear Shift (AGS), but we are going to make a separate post about that variant. Furthermore, the vehicle offers basic features and nothing too advanced as it is an entry level vehicle, despite the huge price tag.
The Suzuki Wagon R VXL doesn’t offer much in terms of feature but it is equipped with basic commodities like power windows, power steering, and a 9-inch infotainment system with Bluetooth audio and calling capabilites.
The vehicle seriously lacks in terms of safety features and only offer an immobilizer and security alarm with no airbags in Wagon R VXR and VXL variants. However, the company has provided 1-airbag for the top-of-the-line AGS variant.
Suzuki Wagon R VXL Price in Pakistan
The price of Suzuki Wagon R VXL 2023 in Pakistan is Rs. 2,564,000, which is a lot considering the vehicle was originally launched around Rs. 800,000 and the price has increased several fold in the last couple of years due to constant devaluation in currency and inflation.
However, it bears mentioning that prices may be changed / increased at any time due to current economic conditions.
Bank Alfalah Auto Loan
Suzuki Wagon R VXL is available on easy installment plan through Bank Alfalah Auto Loan, which provides the following features to customers:
- You can choose a locally assembled/manufactured new or used car
- Affordable markup rates to choose from
- Residual value option to lower your instalment
- Partial Payment Option Available
- Option to Defer Insurance & Registration charges
- Zero charges on Car replacement option
- Flexible financing tenure
- Minimum 2 years & Maximum 5 Years (Vehicles up to 1000 CC)
- Minimum 2 years & Maximum 3 Years (Vehicles above 1000 CC)
Suzuki Wagon R VXL Installment Plan
According to Pak Suzuki Motor Company (PSMC) website, you can get the Suzuki Wagon R VXL 2023 on an easy installment plan in Pakistan through a down payment of Rs. PKR 769,200 (30%) with a monthly installment of Rs. 49,015. However, the customer will have to pay some extra charges in the form of processing fee (Rs. 8,700), first year insurance (Rs. 64,100) and vehicle registration.
Installment Plan Breakdown
|Down Payment (30%)||PKR 769,200|
|Processing Fees||PKR 8,700|
|1st Year Insurance Amount||PKR 64,100|
|Monthly Payment (5 years)||PKR 49,015|
|Total Down Payment||PKR 903,000|
Disclaimer: Above calculations are tentative and the down payment includes first year advance insurance. Monthly installment is inclusive of insurance amount and subject to change. Registration fees and withholding tax will be paid by customer with down payment.
You should also check out details of the installment plan for Suzuki Cultus VXL and AGS in Pakistan.